Funding arb · Price arb /

DYM

all DYM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.3071%/8h= −336.2% APRpaid last 24h −0.381%

Price spread now: KuCoin against Kraken Futures−0.345%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$92 a day on $10k at the current rate, and KuCoin is 0.345% cheaper against Kraken Futures than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_DYMUSD	0.01835	0.3423	pay 0.0428% / 1h	39m 54s	$14K	$5K	10x
Short	KuCoin DYMUSDTM	0.01829	0.0352	get 0.0176% / 4h	2h 39m	$431K	$148K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.345%Rate

Funding earned: −$644.84
Price spread: −0.345% → 0.000%: −$34.49
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$701.32
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 72 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 72 min ago	21.72 bp	834.3 bp −$834	doesn't fit	doesn't fit	doesn't fit

Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DYM on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective DYM/USDC PERP	+0.0033%	1h	0.01718	−6.393%	$237	$12K	5.5x	as long as short
Hyperliquid DYM	+0.0100%	1h	0.01827	−0.454%	$365K	$248K	3x	as long as short
Aster DYMUSDT	+0.0100%	4h	0.01827	−0.454%	$75K	$5K	5x	as long as short
Binance DYMUSDT	+0.0100%	4h	0.01828	−0.399%	$2.4M	$4.6M	10x	as long as short
Bybit DYMUSDT	+0.0100%	4h	0.01825	−0.546%	$776K	$435K	25x	as long as short
Gate DYM_USDT	+0.0100%	4h	0.01822	−0.726%	$144K	$98K	25x	as long as short
MEXC DYM_USDT	+0.0100%	4h	0.01828	−0.399%	$1.2M	$601K	20x	as long as short
Bitget DYMUSDT	+0.0100%	4h	0.01831	−0.236%	$408K	$163K	25x	as long as short
BingX DYM-USDT	+0.0100%	4h	0.01827	−0.454%	—	$24.7M	—	as long as short
Variational Omni DYM	+0.0100%	4h	0.01824	−0.605%	$10K	$5K	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended DYM-USD	+0.0104%	1h	0.01828	−0.421%	$6K	$290K	5x	as long as short
dYdX DYM-USD	+0.0149%	1h	0.01825	−0.579%	$250	$5	5x	as long as short
KuCoin DYMUSDTMshort	+0.0352%	4h	0.01829	−0.345%	$431K	$148K	25x
Kraken Futures PF_DYMUSDlong	+0.3423%	1h	0.01835	long leg	$14K	$5K	10x